Infrared Thermometer Market

Infrared Thermometer Market by Type (Fixed, Portable), Component (Optical, Display & Interface Units), Application (Medical, Non-Medical), End-Use (Residential, Commercial, Industrial), and Geography - Global Forecast to 2025

Report Code: SE 7821 Jan, 2021, by marketsandmarkets.com

[180 Pages Report] The infrared thermometer market is projected to reach USD 3.6 billion by 2025 from USD 2.3 billion in 2020. It is expected to grow at a CAGR of 9.2% from 2020 to 2025. The major factors driving the market's growth include the increasing number of COVID-19 patients and the rising adoption of infrared thermometers across the manufacturing sector and construction applications.

Infrared Thermometer Market

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The infrared thermometer market will continue to generate revenue in 2020, faster than the one estimated before the pandemic. The growth is expected to be shoot for to a certain extent through the revenue generated in the second half of the year or, in some end-uses, by the end of 2021.

Infrared thermometer Market Dynamics

Driver: Increasing number of COVID-19 cases

COVID-19 is thought to spread mainly through close contact from person to person, including between people who are physically near each other (within 6 feet). People who are infected but do not show symptoms can also spread the virus to others. Cases of reinfection with COVID-19 has also been reported, though such cases are rare. Infrared thermometers can measure thermal radiation (infrared) emitted from the ear and forehead to infer body temperature. For in-ear thermometers, a new ear-probe jacket should be used for each person, and the ear canal must be pulled straight when measuring. Forehead thermometers are used for screening instead of diagnostic purposes. Thus, in most public places, there has been a significant rise in the use of infrared thermometers in residential and commercial end uses. It is expected that with the rise in the number of COVID-19 cases, there will be a significant increase in the use of infrared thermometers in residential and public areas, such as airports, stadiums, malls, and banking and financial institutions.

Restraint: Accuracy issues with infrared thermometers

The first-generation forehead thermometer guns were launched in a hurry to control the spread of COVID-19. They were not built for use in extreme temperatures and humidity; hence, when they were shipped mainly from China to all parts of the world, many problems occurred, including instability and unreliability in terms of measurement accuracy. To meet the global demand for low-cost IR thermometers, some Chinese OEMs supply low-cost infrared thermometers, which lack in terms of accuracy and quality of the thermopile sensor, ADC accuracy, and temperature compensation algorithm. These thermometers were returned by the overseas clients, mainly from the Russian and European countries, due to their unreliable performance in extreme temperatures and high humidity environments. Their sensor sensitivity was not enough and resulted in inaccuracy when the temperatures reached 38° C to 42° C mainly because of thermal noise suppression measures and different thermal refractive indexes caused by different skin colors and races.

Opportunities: Opportunities for 2nd generation infrared thermometers

During the early days of the COVID-19 pandemic, it was believed that the rise in temperature during the summer could eliminate the virus. However, this did not turn out to be true, and there has been a significant rise in COVID-19 patients, mainly in the US, India, Russia, and Brazil. Apart from the “temperature rise” strategy, the “herd immunity” strategy in Sweden and the UK has also been ineffective. However, in countries such as China, Taiwan, and South Korea, national control measures have proven to be effective, in which temperature screening played an important role. Therefore, the second wave of epidemic prevention and control is about to start in countries such as the US, the UK, Germany, India, and Canada, which will lead to an increased demand for second-generation forehead thermometer guns in overseas markets.

Challenges: Limitation of infrared thermometer in crowd screening

As the lockdown restrictions have been lifted and various public places are being reopened, non-contact temperature assessment devices are being used as part of an initial check at entry points to identify people who may have elevated temperatures. An elevated temperature is one way to identify a person who may have a COVID-19 infection.

Thermal scanning systems can quickly screen for high-temperature fever caused by pneumonia and influenza in crowded areas. These systems provide high-speed sensitive measurements for highly populated pedestrian transit areas. A few of the important features of these systems include large area detection, non-contact rapid screening of body temperature, fast response, intelligent alarms, and high-temperature measuring accuracy. Since areas such as airports, banks, retail, and educational institutes have a high footfall, it would be practically difficult to monitor each individual using infrared thermometers

Based on type, the portable segment is projected to account for the largest size of the infrared thermometer market from 2020 to 2025.

By type, the portable segment is expected to dominate the infrared thermometer market. One factor for the high adoption of portable infrared thermometers is their use in industrial and commercial end uses. Handheld infrared thermometers are noncontact, inexpensive, easy to use devices that help in rapid temperature measurement. Due to COVID-19, handheld infrared thermometers are being widely used for temperature screening at various commercial places, as high body temperature is one of the symptoms of 73 COVID-19. Governments in various countries have made it compulsory to use handheld infrared thermometers at public places and offices to check the spread of COVID-19. Governments in various countries have made it compulsory to use handheld infrared thermometers at public places and offices to check the spread of COVID-19.

Governments in various countries have made it compulsory to use handheld infrared thermometers at public places and offices to check the spread of COVID-19.

Based on component, the display and electronics is projected to account for the largest size of the infrared thermometer market from 2020 to 2025.

The display & interface unit segment is expected to hold the largest size during the forecast period. A display has a backlight and a screen, which can be either an LED display or LCD. Some infrared thermometers simulate a thermocouple output, while others have a 0–20 mA or 4–20 mA current loop or voltage output. Depending on the type of infrared thermometer, the Display and Control Units vary.

Based on application, the non-medical segment is projected to account for the largest size of the infrared thermometer market from 2020 to 2025.

The non-medical application is expected to hold a larger market share, in terms of both value and volume, while the medical application is expected to grow at a higher CAGR, in terms of value, during the forecast period. The major factors for the growth of the medical application are the lower cost, higher accuracy, and rising adoption of infrared thermometers for temperature screening due to COVID-19. The infrared thermometers employed for the non-medical application mainly use a mica or germanium lens and thus are more expensive. An infrared thermometer measures both infrared radiation and the emissivity value of a surface. In the non-medical application, infrared thermometers are used to measure surface temperatures over an extensive temperature range to suit a multitude of industrial applications.

Based on end-use, the industrial segment is projected to account for the largest size of the infrared thermometer market from 2020 to 2025.

By end use, the industrial segment is expected to hold the largest share, while the commercial segment is expected to grow at the highest rate. The growth of the industrial segment is attributed to the higher adoption of infrared thermometers in industrial manufacturing, industrial processing, and other such industrial segments.

APAC is projected to hold the largest size of the infrared thermometer market during the forecast period.

APAC held the largest share of the infrared thermometer market in 2020 due to technological advancements and the high adoption of technology in a vast range of industries. The infrared thermometer market in APAC is expected to grow at the highest CAGR from 2020 to 2025, driven by the increasing adoption of infrared thermometers in several sectors, such as commercial and industrial.

Infrared Thermometer Market  by Region

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The market in North America mainly includes the US, Canada, and Mexico. North America is a mature market for infrared thermometers. The growth of the infrared thermometers market in this region is attributed to the presence of a large number of infrared thermometer product manufacturers in the US and significant use of infrared thermometers in industrial and commercial end use segments.

Infrared Thermometer Market  by Region

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Key Market Players

Fluke (US), FLIR (US), Testo (Germany), Omron (Japan), Microlife (Taiwan), Hill-Rom (US), Omega Engineering (US), PCE Instruments (UK), Chino Corporation (Japan), and AMETEK Land (UK) are some of the key players operating in the infrared thermometer market.

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Scope of the Report

Report Metric

Detail

Market size availability for years

2016–2025

Base year

2019

Forecast period

2020–2025

Forecast units

Value (USD) million/billion

Segments covered

Type, component, application, end-use, and region

Geographies covered

North America, Europe, APAC, and RoW

Companies Covered

Fluke (US), FLIR (US), Testo (Germany), Omron (Japan), Microlife (Taiwan), Hill-Rom (US), Omega Engineering (US), PCE Instruments (UK), Chino Corporation (Japan), and AMETEK Land (UK)

This research report categorizes the infrared thermometer market based on Technology, type, monitoring type, end-user, and region.

Infrared thermometer Market, by Type

  • Fixed Infrared Thermometer
  • Portable Infrared Thermometer

Infrared thermometer Market, by Component

  • Optical Components
  • Electronics
  • Display and Control Units
  • Others

Infrared thermometer Market, by Application

  • Non-medical
  • Medical

Infrared thermometer Market, by End-use

  • Residential
  • Commercial
  • Industrial

Infrared thermometer Market, by Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • RoW

Recent Developments

  • In November 2020, FLIR launched FLIR SV87-KIT, which offers a low-cost and easy to configure remote vibration and temperature sensing solution that can be used for industrial applications.
  • In October 2020, CHINO Corporation launched the IR-CZ radiation thermometer. It can be used for the measurement of middle-to-high temperature ranges.
  • In September 2020, Fluke launched Endurance pyrometers. These can be used as dedicated calibration instruments in temperatures ranging from 50° to 3200° C.
  • In June 2020, Hill-Rom entered into a partnership with Aiva, a provider of voice-enabling systems in areas such as clinical communications and patient engagement. The acquisition enabled the company to offer hands-free communication for both patients and staff utilizing an in-room voice assistant and Hill-Rom's Voalte Mobile solution.
  • In November 2019, Omega launched SP-001—a smart infrared probe for noncontact temperature monitoring applications, including moving material, corrosive material, and high-temperature measurement.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKET COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 LIMITATIONS

2 RESEARCH METHODOLOGY (Page No. - 27)
    2.1 RESEARCH DATA
           FIGURE 1 INFRARED THERMOMETER MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Key data from primary sources
                    2.1.3.2 Key industry insights
                    2.1.3.3 Breakdown of primary sources
                    2.1.3.4 Primary interviews with key players
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to arrive at the market size using the bottom-up approach (demand side)
                               FIGURE 2 MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH (SUPPLY SIDE)
                    2.2.2.1 Approach for arriving at the market share by top-down analysis (supply side)
                               FIGURE 3 MARKET: TOP-DOWN APPROACH
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY FOR MARKET THROUGH SUPPLY-SIDE ANALYSIS
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)— IDENTIFICATION OF REVENUE GENERATED BY COMPANIES FROM INFRARED THERMOMETERS
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP MARKET ESTIMATION APPROACH FOR MARKET, BY TYPE
    2.3 DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
           TABLE 2 RISKS

3 EXECUTIVE SUMMARY (Page No. - 38)
    FIGURE 8 IMPACT OF COVID-19 ON INFRARED THERMOMETER MARKET
    3.1 PRE-COVID-19 SCENARIO
           TABLE 3 PRE-COVID-19 SCENARIO: INFRARED THERMOMETER MARKET
    3.2 POST-COVID-19 SCENARIO
           TABLE 4 POST-COVID-19 SCENARIO: INFRARED THERMOMETER MARKET
    3.3 OPTIMISTIC SCENARIO (POST-COVID-19)
           TABLE 5 OPTIMISTIC SCENARIO (POST-COVID-19): MARKET
    3.4 PESSIMISTIC SCENARIO (POST-COVID-19)
           TABLE 6 PESSIMISTIC SCENARIO (POST-COVID-19): MARKET
           FIGURE 9 PORTABLE SEGMENT IS EXPECTED TO WITNESS A HIGHER GROWTH RATE DURING FORECAST PERIOD
           FIGURE 10 OPTICAL COMPONENTS SEGMENT IS EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
           FIGURE 11 COMMERCIAL SEGMENT IS EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
           FIGURE 12 APAC TO HOLD LARGEST SHARE OF MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MARKET
           FIGURE 13 ADOPTION OF INFRARED THERMOMETERS DUE TO COVID-19 PANDEMIC WOULD DRIVE MARKET GROWTH
    4.2 INFRARED THERMOMETER MARKET, BY TYPE
           FIGURE 14 PORTABLE SEGMENT TO HOLD LARGER SHARE OF INFRARED THERMOMETER FROM 2020 TO 2025
    4.3 MARKET, BY END USE
           FIGURE 15 INDUSTRIAL SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.4 INFRARED MARKET IN APAC, BY COUNTRY AND END USE
           FIGURE 16 CHINA AND INDUSTRIAL SEGMENT ARE LIKELY TO HOLD LARGEST SHARE OF INFRARED THERMOMETER MARKET IN APAC BY 2025

5 MARKET OVERVIEW (Page No. - 45)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 MARKET DYNAMICS
           5.2.1 DRIVERS
                    FIGURE 18 MARKET DRIVERS AND THEIR IMPACT
                    5.2.1.1 Increasing number of COVID-19 patients
                               FIGURE 19 COVID-19 CASES, JANUARY TO DECEMBER* 2020
                    5.2.1.2 Rising adoption of infrared thermometers across manufacturing sector
                               TABLE 7 MAJOR PROVIDERS OF INFRARED THERMOMETERS FOR INDUSTRIAL APPLICATIONS
                    5.2.1.3 Rising adoption of infrared thermometers in construction applications
           5.2.2 RESTRAINTS
                    5.2.2.1 Accuracy issues with infrared thermometers
           5.2.3 OPPORTUNITIES
                    FIGURE 20 MARKET OPPORTUNITIES AND THEIR IMPACT
                    5.2.3.1 Opportunities for second generation of infrared thermometers
                    5.2.3.2 Rising R&D investments by companies, governments, and capital firms to develop innovative thermal scanning solutions and infrared thermometers
                    5.2.3.3 Rising adoption of infrared thermometers in HVAC and refrigeration applications
                               FIGURE 21 HVAC SYSTEMS MARKET, 2016–2025 (USD BILLION)
           5.2.4 CHALLENGES
                    5.2.4.1 Limitation of infrared thermometers in crowd screening
                               FIGURE 22  MARKET RESTRAINTS AND CHALLENGES, AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 23 VALUE CHAIN ANALYSIS: INFRARED THERMOMETER MARKET
    5.4 ECOSYSTEM
           FIGURE 24 MARKET: ECOSYSTEM
           TABLE 8 GLOBAL MARKET: ECOSYSTEM
    5.5 PORTER’S FIVE FORCE ANALYSIS
           TABLE 9 IMPACT OF EACH FORCE ON MARKET, 2019 VS. 2025
    5.6 USE CASES
           5.6.1 OPTIMIZING FURNACE OPERATION USING INFRARED THERMAL IMAGING
           5.6.2 DEVELOPMENT OF INFRARED THERMOMETER THAT CAN MEASURE TEMPERATURE IN EXTRUSION AND HOT-ROLLING ALUMINUM ALLOYS
           5.6.3 HOT AXLE DETECTION USING INFRARED THERMOMETER
           5.6.4 FEVER SCREENING KIT USING INFRARED THERMOMETER TO SCREEN PEOPLE
           5.6.5 INFRARED THERMOMETER FOR INDUSTRIAL PROCESSES
    5.7 TECHNOLOGY TRENDS
           5.7.1 CHANGE-OF-STATE SENSORS
           5.7.2 THERMOCOUPLES
           5.7.3 INFRARED NIGHT VISION CAMERAS
           5.7.4 THERMAL SCANNERS
           5.7.5 DISPLAYS FOR INFRARED THERMOMETERS
           5.7.6 SENSORS FOR INFRARED THERMOMETERS
    5.8 PRICING ANALYSIS
           FIGURE 25 PRICE OF INFRARED THERMOMETERS, BY TYPE, 2016–2025
           FIGURE 26 PRICE OF FIXED INFRARED THERMOMETERS, BY APPLICATION, 2016–2025
           FIGURE 27 PRICE OF PORTABLE INFRARED THERMOMETERS, BY APPLICATION, 2016–2025
    5.9 TRADE ANALYSIS
           5.9.1 THERMOMETERS: GLOBAL IMPORT DATA, 2019 (USD MILLION)
           5.9.2 THERMOMETERS: GLOBAL EXPORT DATA, 2019 (IN USD MILLION)
    5.10 PATENT ANALYSIS
    5.11 MARKET REGULATIONS

6 INFRARED THERMOMETER MARKET, BY TYPE (Page No. - 75)
    6.1 INTRODUCTION
           FIGURE 28 MARKET, BY TYPE
           FIGURE 29 PORTABLE THERMOMETERS TO HOLD A LARGER SHARE OF IMARKET DURING FORECAST PERIOD
           TABLE 10 MARKET, BY TYPE, 2016–2019 (USD MILLION)
           TABLE 11MARKET, BY TYPE, 2020–2025 (USD MILLION)
           TABLE 12 MARKET, BY TYPE, 2016–2019 (MILLION UNITS)
           TABLE 13 MARKET, BY TYPE, 2020–2025 (MILLION UNITS)
    6.2 FIXED INFRARED THERMOMETERS
           6.2.1 FIXED INFRARED THERMOMETERS ARE PERMANENTLY MOUNTED AND ARE USED TO MONITOR TEMPERATURE OF PROCESSES
                    TABLE 14 FIXED INFRARED THERMOMETER MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 15 FIXED INFRARED THERMOMETER , BY APPLICATION, 2020–2025 (USD MILLION)
    6.3 PORTABLE INFRARED THERMOMETERS
           6.3.1 RISING DEMAND FOR PORTABLE INFRARED THERMOMETERS DUE TO COVID-19
                    TABLE 16 PORTABLE INFRARED THERMOMETER MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 17 PORTABLE INFRARED THERMOMETER , BY APPLICATION, 2020–2025 (USD MILLION)

7 INFRARED THERMOMETER MARKET, BY COMPONENT (Page No. - 81)
    7.1 INTRODUCTION
           FIGURE 30 MARKET, BY TYPE
           FIGURE 31 GENERAL MECHANISM OF INFRARED THERMOMETERS
           FIGURE 32 DISPLAY & INTERFACE UNIT TO HOLD LARGEST SHARE OF  MARKET DURING FORECAST PERIOD
           TABLE 18 MARKET, BY COMPONENT, 2016–2019 (USD MILLION)
           TABLE 19 MARKET, BY COMPONENT, 2020–2025 (USD MILLION)
    7.2 OPTICAL COMPONENTS
           7.2.1 OPTICAL COMPONENTS FOCUS RADIATION ENERGY ONTO THE IR DETECTOR AND FILTER OUT UNWANTED RADIATION
    7.3 ELECTRONICS
           7.3.1 ELECTRONICS CONSIST OF A CONTROLLER, AN AMPLIFIER, A SIGNAL CONDITIONING MODULE, AND AN ANALOG-TO-DIGITAL CONVERTER
    7.4 DISPLAY AND CONTROL UNITS
           7.4.1 DISPLAYS SHOW WARNINGS AND READINGS WHEREAS INTERFACE UNITS PROVIDE DATA TO OTHER MODULES
    7.5 OTHERS

8 INFRARED THERMOMETER MARKET, BY APPLICATION (Page No. - 86)
    8.1 INTRODUCTION
           FIGURE 33 MARKET, BY APPLICATION
           FIGURE 34 NON-MEDICAL APPLICATION TO HOLD A LARGER SHARE OF MARKET DURING FORECAST PERIOD
           TABLE 20 MARKET, BY APPLICATION,  2016–2019 (USD MILLION)
           TABLE 21 MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
           TABLE 22 MARKET, BY APPLICATION,  2016–2019 (MILLION UNITS)
           TABLE 23 MARKET, BY APPLICATION,  2020–2025 (MILLION UNITS)
    8.2 NON-MEDICAL
           8.2.1 INFRARED THERMOMETERS ARE USED IN NON-MEDICAL APPLICATION FOR INDUSTRIAL END USE
                    TABLE 24 IMARKET FOR NON-MEDICAL APPLICATION, BY END USE, 2016–2019 (USD MILLION)
                    TABLE 25 MARKET FOR NON-MEDICAL APPLICATION,  BY END USE, 2020–2025 (USD MILLION)
                    TABLE 26MARKET FOR NON-MEDICAL APPLICATION, BY END USE, 2016–2019 (MILLION UNITS)
                    TABLE 27 MARKET FOR NON-MEDICAL APPLICATION, BY END USE, 2020–2025 (MILLION UNITS)
                    TABLE 28 MARKET FOR NON-MEDICAL APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 29 MARKET FOR NON-MEDICAL APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 30 MARKET FOR NON-MEDICAL APPLICATION, BY TYPE, 2016–2019 (MILLION UNITS)
                    TABLE 31 MARKET FOR NON-MEDICAL APPLICATION,  BY TYPE, 2020–2025 (MILLION UNITS)
                    FIGURE 35 NORTH AMERICA TO LEAD INFRARED THERMOMETERS MARKET FOR NON-MEDICAL APPLICATION DURING FORECAST PERIOD
                    TABLE 32 MARKET FOR NON-MEDICAL APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 33 MARKET FOR NON-MEDICAL APPLICATION, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 34 MARKET FOR NON-MEDICAL APPLICATION, BY REGION, 2016–2019 (MILLION UNITS)
                    TABLE 35 MARKET FOR NON-MEDICAL APPLICATION, BY REGION, 2020–2025 (MILLION UNITS)
    8.3 MEDICAL INFRARED THERMOMETERS
           8.3.1 MEDICAL INFRARED THERMOMETERS ARE MAINLY USED IN COMMERCIAL APPLICATIONS
                    TABLE 36 MARKET FOR MEDICAL APPLICATION, BY END USE, 2016–2019 (USD MILLION)
                    TABLE 37 MARKET FOR MEDICAL APPLICATION, BY END USE, 2020–2025 (USD MILLION)
                    TABLE 38 MARKET FOR MEDICAL APPLICATION, BY END USE, 2016–2019 (MILLION UNITS)
                    TABLE 39 MARKET FOR MEDICAL APPLICATION, BY END USE, 2020–2025 (MILLION UNITS)
                    TABLE 40  MARKET FOR MEDICAL APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 41  MARKET FOR MEDICAL APPLICATION, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 42 MARKET FOR MEDICAL APPLICATION, BY TYPE, 2016–2019 (MILLION UNITS)
                    TABLE 43 MARKET FOR MEDICAL APPLICATION, BY TYPE, 2020–2025 (MILLION UNITS)
                    FIGURE 36 MARKET FOR MEDICAL APPLICATION TO GROW AT HIGHEST RATE IN APAC DURING FORECAST PERIOD
                    TABLE 44  MARKET FOR MEDICAL APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 45 MARKET FOR MEDICAL APPLICATION, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 46  MARKET FOR MEDICAL APPLICATION, BY REGION, 2016–2019 (MILLION UNITS)
                    TABLE 47  MARKET FOR MEDICAL APPLICATION, BY REGION, 2020–2025 (MILLION UNITS)
    8.4 FACTORS TO CONSIDER WHILE SELECTING AN INFRARED THERMOMETER
           8.4.1 ACCURACY
           8.4.2 EMISSIVITY
           8.4.3 TEMPERATURE RANGE
           8.4.4 READING SPEED OR RESPONSE TIME
           8.4.5 DESIGN
           8.4.6 BACKLIT DISPLAY
           8.4.7 WARRANTY

9 INFRARED THERMOMETER MARKET, BY END USE (Page No. - 101)
    9.1 INTRODUCTION
           FIGURE 37  MARKET, BY END USE
           FIGURE 38 INDUSTRIAL SEGMENT TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
           TABLE 48 MARKET, BY END USE, 2016–2019 (USD MILLION)
           TABLE 49 MARKET, BY END USE, 2020–2025 (USD MILLION)
           TABLE 50 MARKET, BY END USE, 2016–2019 (MILLION UNITS)
           TABLE 51 MARKET, BY END USE, 2020–2025 (MILLION UNITS)
    9.2 RESIDENTIAL
           9.2.1 COVID-19 PANDEMIC HAS LED TO A RISE IN USE OF INFRARED THERMOMETERS IN RESIDENTIAL AREAS
                    TABLE 52 MARKET FOR RESIDENTIAL, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 53  MARKET FOR RESIDENTIAL, BY REGION, 2020–2025 (USD MILLION)
    9.3 COMMERCIAL
           9.3.1 COMMERCIAL USE OF INFRARED THERMOMETERS IS MAINLY IN HEALTHCARE, GOVERNMENT, AND RETAIL SECTORS
                    TABLE 54 MARKET FOR COMMERCIAL, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 55 MARKET FOR COMMERCIAL, BY REGION, 2020–2025 (USD MILLION)
    9.4 INDUSTRIAL
           9.4.1 SIGNIFICANT ADOPTION OF INFRARED THERMOMETERS IN INDUSTRIAL MANUFACTURING TO SPUR THE MARKET GROWTH
                    TABLE 56 MARKET FOR INDUSTRIAL, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 57  MARKET FOR INDUSTRIAL, BY REGION, 2020–2025 (USD MILLION)

10 GEOGRAPHIC ANALYSIS (Page No. - 110)
     10.1 INTRODUCTION
               FIGURE 39 MARKET IN APAC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
               TABLE 58 MARKET, BY REGION, 2016–2019 (USD MILLION)
               TABLE 59 MARKET, BY REGION, 2020–2025 (USD MILLION)
               TABLE 60 MARKET, BY REGION, 2016–2019 (MILLION UNITS)
               TABLE 61 MARKET, BY REGION, 2020–2025 (MILLION UNITS)
     10.2 NORTH AMERICA
               FIGURE 40 MARKET SNAPSHOT: NORTH AMERICA
               FIGURE 41 US TO WITNESS HIGHEST GROWTH IN NORTH AMERICAN ARKET DURING FORECAST PERIOD
               TABLE 62 MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 63 MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 64 MARKET IN NORTH AMERICA, BY APPLICATION, 2016–2019 (USD MILLION)
               TABLE 65 MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
               TABLE 66 MARKET IN NORTH AMERICA, BY APPLICATION, 2016–2019 (MILLION UNITS)
               TABLE 67 MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2025 (MILLION UNITS)
             10.2.1 US
                       10.2.1.1 Presence of infrared thermometer manufacturing companies to boost market growth in US
             10.2.2 CANADA
                       10.2.2.1 Health Canada has laid regulations to maintain quality of infrared thermometers
             10.2.3 MEXICO
                       10.2.3.1 Proximity to US and government policies to propel market growth
     10.3 EUROPE
               FIGURE 42 MARKET SNAPSHOT: EUROPE
               FIGURE 43 GERMAN INFRARED THERMOMETER MARKET TO WITNESS HIGHEST GROWTH IN EUROPE DURING FORECAST PERIOD
               TABLE 68 MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 69 MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 70 MARKET IN EUROPE, BY APPLICATION,  2016–2019 (USD MILLION)
               TABLE 71 MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
               TABLE 72 MARKET IN EUROPE, BY APPLICATION, 2016–2019 (MILLION UNITS)
               TABLE 73  MARKET IN EUROPE, BY APPLICATION, 2020–2025 (MILLION UNITS)
             10.3.1 UK
                       10.3.1.1 Increasing use of infrared thermometers for diagnosing diseases in healthcare sector
             10.3.2 GERMANY
                       10.3.2.1 Market growth for infrared thermometers in Germany is attributed to its industrial sector
             10.3.3 FRANCE
                       10.3.3.1 Presence of industrial manufacturing companies in France to spur market growth
             10.3.4 ITALY
                       10.3.4.1 Adoption of infrared thermometers in healthcare sector to spur market growth in Italy
             10.3.5 REST OF EUROPE
                       10.3.5.1 Emerging economies and increasing number of infrastructure facilities to drive market growth in Rest of Europe (RoE)
     10.4 APAC
               FIGURE 44 MARKET SNAPSHOT: APAC
               FIGURE 45 CHINESE MARKET TO WITNESS HIGHEST GROWTH IN APAC DURING FORECAST PERIOD
               TABLE 74 MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 75  MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 76 MARKET IN APAC, BY APPLICATION, 2016–2019 (USD MILLION)
               TABLE 77 MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
               TABLE 78 MARKET IN APAC, BY APPLICATION, 2016–2019 (MILLION UNITS)
               TABLE 79 MARKET IN APAC, BY APPLICATION, 2020–2025 (MILLION UNITS)
             10.4.1 CHINA
                       10.4.1.1 China is experiencing high demand for infrared thermometers, mainly for industrial and commercial end use segments
             10.4.2 JAPAN
                       10.4.2.1 Growing use in healthcare industry has led to increased demand for infrared thermometers in Japan
             10.4.3 INDIA
                       10.4.3.1 Preventative measures by airports against COVID-19 in India to drive market growth
          &nnbsp;  10.4.4 SOUTH KOREA
                       10.4.4.1 Surged use of infrared thermometers in residential and commercial applications in South Korea
             10.4.5 REST OF APAC
                       10.4.5.1 Increasing implementation in commercial applications is driving Rest of APAC infrared thermometer market
     10.5 ROW
               FIGURE 46 SOUTH AMERICAN INFRARED THERMOMETER MARKET TO WITNESS HIGHEST GROWTH IN ROW DURING FORECAST PERIOD
               TABLE 80 MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
               TABLE 81 MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
               TABLE 82 MARKET IN ROW, BY APPLICATION, 2016–2019 (USD MILLION)
               TABLE 83 MARKET IN ROW, BY APPLICATION, 2020–2025 (USD MILLION)
               TABLE 84 MARKET IN ROW, BY APPLICATION, 2016–2019 (MILLION UNITS)
               TABLE 85 MARKET IN ROW, BY APPLICATION, 2020–2025 (MILLION UNITS)
             10.5.1 MIDDLE EAST & AFRICA
                       10.5.1.1 Ongoing investments in manufacturing industry support market growth
             10.5.2 SOUTH AMERICA
                       10.5.2.1 Increasing demand for infrared thermometers in healthcare & life sciences

11 COMPETITIVE LANDSCAPE (Page No. - 132)
     11.1 INTRODUCTION
     11.2 MARKET SHARE ANALYSIS, 2019
               FIGURE 47 MARKET SHARE OF KEY PLAYERS IN MARKET, 2019
     11.3 COMPETITIVE EVALUATION ANALYSIS
             11.3.1 STAR
             11.3.2 PERVASIVE
             11.3.3 EMERGING LEADERS
             11.3.4 PARTICIPANT
                       FIGURE 48 MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2019
     11.4 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2019
             11.4.1 PROGRESSIVE COMPANIES
             11.4.2 RESPONSIVE COMPANIES
             11.4.3 DYNAMIC COMPANIES
             11.4.4 STARTING BLOCKS
                       FIGURE 49  MARKET (GLOBAL) SME EVALUATION QUADRANT, 2019
     11.5 COMPETITIVE SITUATIONS AND TRENDS
     11.6 MARKET: APPLICATION AND REGIONAL FOOTPRINT
               TABLE 86 PRODUCT FOOTPRINT OF COMPANIES
               TABLE 87 END-USE FOOTPRINT OF COMPANIES
               TABLE 88 REGIONAL FOOTPRINT OF COMPANIES
               TABLE 89 MARKET: PRODUCT LAUNCHES
               TABLE 90 INFRARED THERMOMETER MARKET: DEALS

12 COMPANY PROFILES (Page No. - 142)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     12.1 KEY PLAYERS
             12.1.1 FLUKE
             12.1.2 FLIR
                       FIGURE 50 FLIR: COMPANY SNAPSHOT
             12.1.3 TESTO
             12.1.4 OMRON
                       FIGURE 51 OMRON: COMPANY SNAPSHOT
             12.1.5 MICROLIFE
             12.1.6 HILL-ROM
                       FIGURE 52 HILL-ROM: COMPANY SNAPSHOT
             12.1.7 OMEGA ENGINEERING
             12.1.8 PCE INSTRUMENTS
             12.1.9 CHINO CORPORATION
                       FIGURE 53 CHINO CORPORATION: COMPANY SNAPSHOT
             12.1.10 AMETEK LAND
     12.2 OTHER KEY PLAYERS
             12.2.1 ROBERT BOSCH
             12.2.2 OPTRIS GMBH
             12.2.3 CONTEC MEDICAL SYSTEMS COMPANY LTD
             12.2.4 NURECA
             12.2.5 TRUMETER
             12.2.6 DOUBLE KING INDUSTRIAL HOLDINGS (CHINA VICTOR)
             12.2.7 YUWELL-JIANGSU YUYUE MEDICAL EQUIPMENT & SUPPLY CO., LTD.
             12.2.8 WIKA GROUP
             12.2.9 EMERSON
             12.2.10 HORIBA
             12.2.11 KEYENCE
             12.2.12 ZEBRONICS
             12.2.13 AMPHENOL
             12.2.14 MELEXIS
             12.2.15 CALEX ELECTRONICS
             12.2.16 DETEL

*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 174)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS  

The study involved the estimation of the size of the infrared thermometer market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. Both top-down and bottom-up approaches were employed to estimate the overall size of the infrared thermometer market. The market breakdown and data triangulation methods were used to estimate the size of different segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva were referred to identify and collect information for this study on the infrared thermometer market. The secondary research involved the collection of data from various organizations, corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and infrared thermometer and IR associations, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, trade directories, and databases.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information about the market. Primary sources from the supply side include various industry experts, such as chief experience officers (CXOs); vice presidents (VPs); directors from business development, marketing, product development/innovation teams; and key executives from major players in the infrared thermometer market; industry associations; distributors; and key opinion leaders. Extensive primary research was conducted after acquiring an understanding of the prevailing scenario of the infrared thermometer market through secondary research. Several primary interviews were conducted with the market experts from demand side (OEM) and supply side (manufacturers and distributors of IR sensors) players across 4 major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). RoW includes South America, the Middle East, and Africa. Various primary sources from both supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows:

Infrared Thermometer Market  Size, and Share

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the overall size of the infrared thermometer market. These approaches were also used to determine the size of various segments and subsegments of the market. The research methodology used to estimate the market size is as follows:

  • Key players in the infrared thermometer market were identified through extensive secondary research.
  • The supply chain of the infrared thermometer was identified and the market size, in terms of value and volume, determined through primary and secondary research processes.
  • Players offering various types of infrared thermometer types were considered, their revenues were analyzed to arrive at the global numbers.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both demand and supply sides in the infrared thermometer market.

Report Objectives

  • To estimate and forecast the size of the infrared thermometer market based on type, component, application, end-use, and region, in terms of value and volume
  • To estimate and forecast the size of the market in North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value and volume
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the infrared thermometer market
  • To strategically analyze micromarkets1 with respect to individual growth trends, future market prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market ranking in 2019 according to their revenues and core competencies2, along with a detailed competitive landscape of the market
  • To analyze competitive developments such as product launches, partnerships, collaborations, acquisitions, and expansions in the infrared thermometer market
  • To benchmark players within the market using the proprietary competitive leadership mapping framework, which analyzes the market players on various parameters within broad categories of business and product strategies

1. Micromarkets are defined as the further segments and subsegments of the infrared thermometer market included in the report.
2. The core competencies of the companies are captured in terms of their key developments and key strategies adopted by them to sustain their position in the infrared thermometer market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company information:

  • Detailed analysis and profiling of additional market players
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Infrared Thermometer Market

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SE 7821
Published ON
Jan, 2021
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